Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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Good afternoon all. Maybe you could help me, what are the requirements (ID/papers etc) to gain entry into the AGM meeting at York at the end of this month? Thank you in anticipation. Regards V
A better thread than the UT at the end of every day? I�d say! Thanks for the link to presentation GK. It�s always better from the horses mouth.
And the key bit around the 9 minute mark: "At that point, we would also be recipient of the government guarantee, should the process move forward successfully" Government guarantee as good as in the bag should we manage to raise the necessary money- personally i'm backing Tom to pull this one out of the bag
About 8.30 in is the key bit for me. To paraphrase Staley slightly: "We will spend the majority of Q2 gaining commitment letters, and spend the second half of the year satisfying any conditions precedent." So, I think it's pretty clear we won't be seeing any further TORPs until we know the exact level of offtakes we need to achieve to satisfy the lender's criteria. As such, I think Q3 could be quite a news rich period, to get everything in place to finalise ST2 during Q4. Hoping for a very merry christmas :)
GK....agree, well worth another listen....thanks. It is all so very clear. R
Pfft. Minimum 25 years for me until i can retire. SP up, bigger dividends later
Hi Scotman - I agree with your view. The only add is my understanding on ToP (the way how I read it): Gina needs to see ST2 finance agreed + money used, ST2 means Banks (and Gov guarantee) need to see approx 6-7m ToP. This will enable all parties to agree 'in principle' to move forward with negotiations and legal work (which can take easily 6 months). Therefore any RNS on additional ToP is likely to be the catalyst. In absence of 6-7m ToP, .... but let's not go there. M
https://www.youtube.com/watch?v=CQRdgf1dBNI From ~5m in. Always worth a re-listen these things. GK.
Stokey A higher share price won’t help with my early retirement, hence my 10mtpa, free net cash flow, early dividend expresion. Prost SL
Stood outside the huge wooden access gates to the mine - plenty going on
The due didligence details have been submitted to the MLA’s and in turn, provided to potential lenders. These potential lenders will have studied this to perform their own DD and will subsequently provide the MLA’s with letters of intent to lend under floating conditions within the current prospectus. These letters of intent will provide Gina the comfort she requires to initiate the royalty finance package monies in exchange for shares. The company will then be in a position to finalise the T&Cs and see up the formal contracts within H2/18. The gov commitment to act as guarantor will be adjusted accordingly to tailor fit this finalised package so I won’t expect to hear anything on this until it’s all but signed and sealed. That’s my take on it. Open to correction of course though!
Shouldn't we expect to see the an RNS ref government guarantee before confirmation of any debt for St.2? I'm looking for the following sequence 1. Torps 2 Government underwiting commitment 3. St. 2 debt details, who, how much etc Any thoughts?
Production costs (per tonne) are lower for 20 MTPA than 10 MTPA
10mtpa or 20mtpa won't necessarily be a 1:2 ratio will it? Supply and demand might mean a better price for 10mtpa than for 20mtpa per unit/pro rata?
SL- My view on dividends is that initailly they should be kept low so that the debt can be paid off as quickly as possible so that the company can operate as a cash business. In this regard I would be happy for dividends to not start being paid until 2023. My reasoning being that with little or no debt the share price may be hihger than if we are carrying an unnecessary amount of debt.
I think we're due the letter in June. Potential TorPs probably lined up, but would not be agreed prior to the letter. If they're not needed then we wouldn't want them. Shortly following the letter any TorPs necessary will be agreed.
Yes, I've been thinking again (ffs SL, stop it I hear you say). Just before I go out on my daily cycle ride, in relation to my hopefully very early and comfy retirement plans, I'd rather that we forgot about the 20mtpa capacity for now and focused more on the earlier dividend that 10mtpa capacity will give us. Seeking cash for only 10mtpa capacity wont necessarily affect ST2 funding as capex for 20mtpa capacity was via future earnings. Once we are successfully up, running and receiving dividends from the net free cash flow that 10mtpa will afford us, the Capex required for any future 20mt infrastructure required could come from further debt. Provisional elements of the 20mtpa capacity could still be built in for the future. I want a divy sooner rather than later. It might be a point for our BoD at the AGM. Thoughts anyone. Prost SL
Do share!
Not at all. Just curious as to how other envisage the schedule. I have my thoughts, but I’ve been wrong before.
Bored are we Scotman? R
Can you explain how you think it works?
They got to go out.before they can come in.
Letter of intent don’t go out? Darned, here was me thinking they were coming in!
Don’t stop believing. __ Is that a song? :) https://g.co/kgs/KymhEH
The letters of intent for the finance don't go out untill june , so I wouldn't expect any announcements regarding that.and torps will have to be a rns. On time and in budget will be just fine . Good luck all